Centre invites bids for MP Chambers in Central Vista

24 Nov 2022 CW Team

The government last week set the ball rolling for the construction of MP Chambers, which would have offices for all members of parliament in the vicinity of the under-construction new Parliament building.

The Central Public Works Department (CPWD) on November 19 invited pre-qualification bids from companies for the project, estimated to cost Rs 14.35 billion. The bidding is open till December 10, after which the selected bidders would be asked to submit financial bids. As a part of its redevelopment of the Central Vista area, the government has proposed constructing offices for all MPs, to be connected to the Parliament complex through underground passageways. The proposed MP Chambers would have three blocks and one utility block.

“The site is located on existing Transport Bhavan and Shram Shakti Bhavan, adjacent to Press Trust of India in plot number 119, in high security zone. The proposed office buildings shall be of reinforced cement concrete framed structure building. The existing structures on plot number 119 are to be demolished before the start of new construction,” the pre-qualification bid document said.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..